New Delhi, May 4 -- Kotak Mahindra Bank's standalone March quarter (Q4FY26) results were buttressed by nearly one-third fall in credit cost to Rs.536 crore. This was made possible by a sharp fall in fresh slippages (incremental bad loans).

Lower credit costs primarily aided net profit growth of 13% year-on-year to Rs.4,026 crore, even though core pre-provisioning operating profit (PPOP) grew modestly by 6.5% to Rs.5,803 crore.

Net interest margin (NIM) rose sequentially by 13 basis points (bps) to 4.67%. However, Kotak Bank's management clarified in the earnings conference call that the Q4 NIM is higher owing to the benefit of fewer days last quarter, adjusting for which, the margin is at Q3's level of 4.54%. One basis point is one-hund...